Nowcasting euro area economic activity in real time: The role of confidence indicator
Journal
National Institute Economic Review
Subject
Economics
Publishing details
Authors / Editors
Giannone D;Reichlin L;Simonelli S
Biographies
Publication Year
2009
Abstract
This paper assesses the role of qualitative surveys for the early estimation of GDP in the Euro Area in a model-based automated procedure which exploits the timeliness of their release. The analysis is conducted using both an historical evaluation and a real-time case study on the current conjuncture.
Keywords
Forecasting; Factor model; Real-time data; Large data sets; Survey
Available on ECCH
No